The cryptocurrency markets are briefly recovering in November 2023 after Bitcoin climbed above the $35,000 mark. BTC pulled the cryptocurrency markets up along with it making leading altcoins reach their weekly highs. The development is bringing a sense of fresh enthusiasm into the cryptocurrency markets leading to investors’ confidence. In this article, we will highlight the top 3 cryptocurrencies to watch out for that are trading below the $1 mark.
3 Cryptocurrencies To Look Out For Below $1
- VeChain (VET)
The supply chain-based cryptocurrency VeChain (VET) is hovering around the $0.020 mark in November this week. VeChain spiked nearly 23% since the last month delivering decent returns to investors. The VeChain Foundation is collaborating with global leading brands to provide blockchain technology to enhance their products and strengthen their supply chain. If Bitcoin shoots up further, VeChain could also spike in price and reach a new monthly high in November.
- Cardano (ADA)
Cardano (ADA) is trading at $0.35 and is attracting bullish sentiments this month. ADA printed a stellar rally as it jumped close to 36% in the last 30 trading days. Short-term holders made decent gains in Cardano despite the markets experiencing turmoil due to the conflict in the Middle East. Cardano mostly goes in tandem with Bitcoin and if BTC shoots up further, ADA could also deliver more profits hereon.
Also Read: Ripple: XRP Price Prediction For The Weekend
- Ripple (XRP)
Ripple’s native token XRP delivered double-digit profits this month as it spiked more than 10% on Sunday. XRP is now near the $0.70 mark and another leg up could push its price close to the $0.90 level. If it begins to attract bullish sentiments from there, there are chances that Ripple’s native token XRP could briefly touch the $1 mark. However, on the downside, the Israel and Palestine conflict could be a blockage to the cryptocurrency markets and drag the price down.
It is advised to do thorough research before taking an entry position into VeChain’s VET, Ripple’s XRP, and Cardano’s ADA. The cryptocurrency markets are volatile and cut both ways delivering severe losses to investors.
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